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CNBC
Feb 7, 2013 11:00pm EST
issue of the globe. we are seeing on this show i feel others aren't, a resurgence in china. you're well positioned. an incredible comeback in latin america, particularly mexico. europe's stabilizing. i say it's good. in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting. for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers were up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. we see china picking up. latin america was the strongest growth region for two years in a row, slowed down last year because of argentina. we haven't talked about africa which is another place where global capital flows are coming in in ways we have never seen before. >> let's talk about china for a moment. we see china as having a big year in 2013. a lot of people had penalized your stock, taken it down to the -- well at that point into the 50s because they felt you were overexpanding in chin
CNBC
Feb 20, 2013 4:00am EST
interview, he says italians need to step aside. >>> the rush to set up shop in china is down. the fastest decline in more than three years in january. >>> okay. lots happening on the program today including a grew interviewer coming up. we'll be counting down to the bank of england minutes after andrew bailey is to lead the new banking regulation unit. the minutes will be out in a half-hour's time. we'll bring those and u.k. unemployment figures. >>> the central bank watch extends overseas as investors stand by for minutes from the federal reserve's latest meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at
CNBC
Feb 20, 2013 11:00pm EST
concerned about copper. it has been acting lame. china may indeed be slowing, i don't like to see the oil index plummet. the speculation. i don't like washington back on the front page. they come along at the right moment to put the cabarb on any rally. jellystone national park, yogi. i am concerned about the payroll tax holiday going away. i am worried about higher taxes, autosales could be slowing. did anyone think -- did anyone think we would maintain the streak longer than the ah mazing hittering streak of joe dimaggio. no-hitters endlessly. the late, great marty sly said, we got the chance to watch him, don't fight the tape and don't fight the fed. if the economy is going to slow down because of the fed, don't filt that as a gardener, even if i am a savage fighting machine gardener, i like the concept of rain. i like to believe you can have a garden variety squall. i just think they we were due, over due. maybe for a bit of rain or a thunderstorm. for those of you who don't pay for espn. i saw green bay lose a bunch of games, i have written off the yankees, why can't the market have
CNBC
Feb 4, 2013 4:00am EST
michael brown to help us through things. coming up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over
CNBC
Feb 20, 2013 6:00pm EST
lame and that means china, indeed, may be slowing. i don't like to see the oil service index plummet, if we could break the 33-day streak, that wouldn't be all that terrible. i don't like washington backen o the front page. they're a short sellers delight. they come on the right moment to put the kaibosh on a rally. and i am concerned about the payroll tax holiday going away. i'm worried about still higher tax, i think auto sales could be slowing. the dollar was as strong as it's been in months. those are all bad, all right? let's step back for a second. did anyone really think the rally could keep going up week after week after week? did anyone think we could maintain the streak any more than the hitting streak of joe dimaggio? did we expect the market to hit endlessly? oil down the hardest in two months. is that like cal ripken quitting in the end? the markets had an amazing run. we don't want the federal reserve to start ratcheting up interest rates all of a sudden. because as the late great marty said famously, i hope you got a chance to watch him on wall street week, don
CNBC
Feb 6, 2013 4:00am EST
steel demand thanks to shipments in china after a dismal year for the industry. >>> disney could be the happiest place on earth today. the media giant reports better than expected earnings, sees even brighter days ahead. >>> new imminent privatization for ubs. the business secretary plays down talk of a government plan to sell shares in the state-owned banks. this as rbc confirms it's liable to face libor penalties. >>> all right. let's bring you up to speed at the top of the program. we start with global equities and european equities in particular, weighted to the upside. 8-1. advancers outpaced decliners at the moment. footse 100, gauges today, this is where we stand. up .5%, xetera dax up a quarter. the ibex up .4, trying to receiver from the losses on monday -- recover from the losses on monday. the cac cac up .25. shares jumping after a strong earnings report. the danish wind turbine maker announcing better than expected rise in fourth quarter profit and revenue. stock up 7%. they expect a pickup and more demand this year. this after the net loss widened to $4 billion in the f
CNBC
Feb 27, 2013 4:00am EST
comeback. china's securities regulator issued a draft to allow more brokerages to expand asset-backed securities businesses. also, there are reports that beijing will soon allow resident in hong kong and taiwan to invest in the mainland's a shares, boosting market liquidity. meanwhile, shares in hong kong bounced off its two-month low, up .25%. aia shares added over 4% after posting an 89% jump in 2012 profit. the property counter also lent support while hong kong's government pledged more public housing and lends supply to home affordability. another lackluster session in japan after yesterday's over 2% tumble. the nikkei lost 1.3%. financials led the renewals on losses and worries. a stronger yen sent exporter stocks lower. cannon slipped nearly 3% despite the camera maker forecasting that 7% to 8% growth for 2013 sales. elsewhere, the kospi ended marginally in the green, up .2%. south korean automakers drove higher thanks to the yen's regained strength. hyundai added .7%. while the company agreed to set fuel economy cases in the u.s., although the amount is not disclosed. meanwhile
CNBC
Feb 17, 2013 7:30pm EST
. >>> up next "on the money," the entrepreneur who became china's consult cultural revolution to become a star of america's capitalism. ping fu will join me. >> this is a 3d printed shoe. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> are entrepreneurs born or made? my next guest tells a remarkable story of innovation. she remade her own life, surviving a difficult youth in mao's china and american technology pioneer. ping fu is author of the memoir "bend not break." ping, great to have you on the program. thanks for joining us. >> so pleased to be here, maria. >> the memoir is actually a page turner. we were so looking forward to having you. it's been quite a journey. beginning with being sent to a labor camp at age 8 where you cared for your younger sister and suffered significant
CNBC
Feb 18, 2013 4:00am EST
blurring. >> they are, indeed. so on today's show, there's a -- here is another taster. in china, it's the first trading day market in the new year of the snake. so will it be new year old problems? up next from hong kong, we'll have the latest analysis. >> did you just slither? also, the final week of campaigning in italy ahead of the general elections. we will be live in milan throughout the morning for a roundup of the candidates policies and pit falls. julia will join us for that. >>> and hear state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal y
CNBC
Feb 8, 2013 4:00am EST
. and that's not why i'm pleased we got to this day. >> yeah, yeah. >> strong numbers out of china. >> that's right. we saw a big improvement there. but i have to say frankly, most people's attention whether it's here or on the other side of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the
CNBC
Feb 15, 2013 4:00am EST
changer. the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared with other markets. so all these four different trends trarns late for positive earning he in the region. >> where are the map opportunities, then, if you're looking from an investment angle? where would you see the sectors you get most of this transaction? >> right. right. so you would look at the region. what's happening is the rise of the middle class. in china, of course, at the country is changing from an export dependent economy to an economy of more balance towards internal consumption, i.e., underpinned by the rising middle class. and the same story you were saying around the re
CNBC
Feb 27, 2013 6:00pm EST
the jpm program. but captain jamie dimon got that moby sucker. how about china? how about china? another reason we got crushed was china. aren't we petrify thad china is stalled. break down the handbook here, and china stalled, that means commodities stalled, which means the strength is khmer call. i told you we want to listen to michael sutherland, the biggest pure play in mining equipment. china coming on strong, a demand for commodities around the globe. another issue neutered by today's evidence. but isn't the consumer -- i got the whole litany, isn't the consumer tapped out by higher gasoline prices? by the end of the payroll tax holiday, by increased taxes for the rich. by the bad weather lately. i don't know, but newly created gatsby index was on fire. dollar tree, and great gatsby nick caraway. and how about the all-time high, home depot. three-point jump macy's moving up another buck and walmart continuing to run, despite endless attempts by portraying the company having a dim view of the future. something by the end of the show saying jcpenney stinks, oh, i threw that
CNBC
Feb 5, 2013 12:00pm EST
on the half, gm's just reported it's best sales month ever in china. is there an upside ahead? >>> after toll brothers big run, is the stock losing it's curb appeal? two traders with opposing opinions in one heated debate. coming up. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ woman ] don't forget the yard work! okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. ea
CNBC
Feb 12, 2013 9:00am EST
. japan's nikkei surging nearly 2%. the markets in china and hong kong are closed for a second straight day in observance of the chinese lunar new year. apple, in just about 1 hour 15 minutes, ceo tim cook takes the stage at the goldman tech conference. he will unveil a dividend increase or buyback. will he reveal anything about the product pipeline. we're on the ground in san fran. >>> the president set to deliver the state of the union address tonight. will he strike a conciliatory tone or push for more tax hikes. and why will tim cook be sitting next to the first lady. >>> europe, once again, the laggard with a decline in both volumes and sales. >>> what a quarter for michael kors. blew out earnings, posted a whopping 41% comp in north america. >>> we begin, of course, with apple. ceo tim cook set to speak at the goldman sachs conference in san francisco. this comes amid concerns about apple losing smartphone market share, a legal challenge in a stock that has fallen more than 30% from its september highs. it is the stock declines that i think puts into focus why apple should do some
CNBC
Feb 5, 2013 9:00am EST
. europe stabilizing as service pmi showing overall slowing of contraction. in china, services pmi accelerating to 54. as markets climb back from the s&p's worst day since november, is today's market going to demonstrate investors' willingness to buy the shallowest of dips. >> the business that accounts for half of sales down 6% for the recent quarter. >> justice department's lawsuit raising all kinds of questions. is this payback for downgrading the sovereign debt? >> and will today bring news of a dell lbo, and if it happens, what is the effect on equity markets, credit markets, the pc sector and michael dell himself. >> we start with the markets today. futures off the highs of the morning. the biggest decline of the year so far. s&p fell back below 1,500. the markets topped out, or is there more room to run for the bulls. jim is back from new orleans and other exotic locales. >> oh, yeah. >> good to have you back. >> thank you, carl, good to be back. >> are we in a new kind of environment? >> i think there's some program selling. the dow 14,000, a lot of institutions might say,
CNBC
Feb 5, 2013 2:00pm EST
billionaire money manager on how high he thinks we can go. the tale of two chinas for american companies, one good, one most foul. which one should we believe? plus can we officially blame apple stock dead money. more carmakers may be fibbing just a bit when it comes to your gas mileage. >> if it's a small fib does it count? the third day in a row for triple digit moves for the dow and third day in a row of double digit moves for s&p. why is that notable? because, before this neither the dow or s&p had such moves in over a month. so maybe, just maybe, you could argue this means a little more volatility returns to this market. let's get down to the florida stock exchange to someone that knows a thing or two about that. bob, what is the problem with stocks at new highs. >> i don't think there's a problem particularly. if anything, the question is whether hitting new highs is going to disrau in a substantial number of people still sitting on the sidelines. a lot made about inflows into stock mutual funds, a pretty small number here. $20 million compared to inflows and outflows. new highs wo
CNBC
Feb 5, 2013 6:00am EST
safety scare in china. remember i made that joke about cats. we'll leave that alone. also, toyota now raising its annual profit guidance banking on stronger sales in the u.s. market and a boochtd from a weaker yen. but the automaker says it will not build any new factories in three years despite product. >> why don't we take a look at markets this morning. yesterday, the markets had their worst performance in 2013. the dow was down by about 129 points. that is less than 1%. s&p was off about 1 is.1%. and the nasdaq was off by about 1.5%. this morning, we do see some green arrows indicating that at least at the open, if things continue at the pace they are at right now, you will see some gains for the stock market, a bounceback after the dow fell back below 14,000 yesterday. take a look at oil price these morning. right now, you'll see that wti crude is up by about 47 cents. that's about 0.5%. 96.64. the ten-year note, which kwled yesterday was once again yielding around 2%, at this point, the yield is back at 1 of 989%, sitting right at that cusp of the level where people start to sit
CNBC
Feb 25, 2013 12:00pm EST
down 0.3%. yes, there's always going to be headlines news. if it's not italy, it is china, the uk. you have to be long the markets. fundamentally they are very strong. m and a activity picked up. housing still looks robust. focus on the fundamentals and when you see these pull-backs, get in on the themes you like. >> last week the market sold off a couple of those days. some people came on our show and said now it is the time to get to cash. we had a big friday and today at least at the open we opened positively. >> i'm kind of encouraged though. on friday you had the uk downgrade. over the weekend you had a really disappointing flash pmi china number. we're only down 50 points. i thought we'd open up a lot lower because of those data points. it is encouraging. i aep agreen with simon, find the themes, focus on the themes. last week everybody was down on housing. we were buying housing last week. today everybody's down on financials. we're buying financials today. stick to what you believe in and again, housing, manufacturing, financials, even auto sales look like they're better than e
CNBC
Feb 25, 2013 11:00pm EST
accelerate last week, including newfound weakness in china, the sell everything now call seemed prophetic. especially some who articulated said they were bullish and the sell call felt right. right into the teeth of the ugliness the market continued to soar and it continued into the beautiful opening where the dow was 80 points higher. some 200 points, keep that number in mind above where the sales calls were made last week. it was a much better chance to sell. even though it came and went, it gave you a broad, loud, large opportunity to get higher prices on the go out if you wanted to take some profits and cash out for the moment. that's something i said i can't blame anyone for doing last week. if they're as nervous as some of you said you were in your calls to the show. we got a bunch of them. sure, we gave back everything, but that's not what matters. what matters is that if you truly thought that the market was too high to begin with or you were worried about italy or sequestration or gasoline prices or weakened china, you could have sold stocks at a much better moment had
CNBC
Feb 12, 2013 4:00am EST
development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been pretty patient with its bad behavior and this nuclear test could complicate things a bit, given that the chinese support was to maintain the status quo in the region. guys, back to you. >> chery, thanks very much. we should note the international response has been swift. you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for th
CNBC
Feb 7, 2013 4:00am EST
intend to grow basically with all of our divisions. >> yeah. we saw in china sales rebounding last month, over 2% following a big drop in december. you're also joining baic motors in a joint venture there. how do you see the china sales progressing? and what percentage of your sales will now be in mainland china? >> well, we expect china to become our biggest market. last year, this was the united states. in china, we after a slowdown of our growth last year have made some decisions, including a board member for china, a new sales structure and recently the intended investment into bike. with these changes and, of course, lastly driven by our great product, we expect to regain momentum throughout this year. >> what happened in china? were you not -- should you not have been more aggressive going into that market which is clearly the growth opportunity here and where are you lagging rivals? >> well, first of all, we came many years later than our direct competitors. for about 60 years, we had a great catch up. we grew faster than our direct competitors. in 2011, we were almost at th
CNBC
Feb 22, 2013 6:00pm EST
on. he will be great. the smes will probably disappoint for china. the ossi trade may not work out so good. >> i'm with you for the oscars. >> he has a heck of a weekend. i'm going to go with the euro swiss on the british down grade. >> amelia? >> i'm with todd. i like short. the kiwi can't keep a good trade down. >> kathy? i would beware of big bend. if he depends q.e. vigorously, it could kill the dollar rally. >> that's it for us. we'll see you back here next friday at 5:30 eastern only on cnbc. have a great weekend! to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. >> "mad money." you can't afford to miss it. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. just trying to save you a little money. my job is not just to entertain you but to educate you so call me, 1-800-743-cnbc. after today's beautiful rally the dow gaining 120 points, the s&p climbing .88%, nasdaq falling .97%, really knock
CNBC
Feb 21, 2013 4:00pm EST
hewlett-packard, given its global nature of the rest of the world, europe, still very slow, but china a bit of a rebound, and, maria, the u.s. doing okay. again, hewlett-packard better than anticipated. >> all right, david, thank you. stay right there. we're going to bring in david garrity and roger kay of end point technologies associates. good to see everybody. thanks for joining us. want to point out aig numbers are also out, and i want to tell our viewers that there is stock to buy in aig after the close tonight. just spoke with the market-maker there, so we're watching that story as well as this story. hewlett-packard though is the focus right now. david garrity, what's your take on the quarter? >> the earnings multiple for the company, single digits, a five handle. i mean, here's a company. it's great and wonderful that they are doing better in terms of businesses that are losing share in the overall computing market, and it's thighs to see that they are getting some positive margin surprises, but the fact of the matter is hewlett-packard was initially thought to be an innovator a
CNBC
Feb 20, 2013 5:00pm EST
falling on news that a major manufacture for apple in china is freezing hiring. word on the street is that demand for the iphone 5 has slowed which is why the plant doesn't need more workers. they refuted that claim, saying due to an unprecedented rate of return of employees following the chinese new year holiday compared to years past, our company has decided to slow down the recruitment process. this is not related to any single customer and any speculation to the contrary is false and inaccurate. coming out very hard, but -- >> must be long apple stock. >> yeah, they are, in a big way. >> well, we talked about this, it was hit across the board in terms of the component makers and other parts of the hard drive makers. you can agree with them when you say that. when you look at apple in china, one of the things people should get excited about, china mobile's 3g network is making progress. people think if apple can come out with a phone that's 330 bucks, they can increase their selling space in china by three times. that is what people want to see. that is the answer for apple and until th
CNBC
Feb 1, 2013 9:00am EST
china. it will be one we will watch closely here at the nyse today. >> we're hoping for animals on the floor. >> oh, yeah. >> it would be nice, right? >> livestock is a big bulk of their revenue, so a goat or something. >> we also do have sad news today. former new york mayor ed koch passing away early this morning from congestive heart failure. he was 88 years old. koch led new york city for 12 years, known for saving the city from financial ruin. michael bloomberg saying in a statement the city has lost an icon. a cheerleader, champion, 5,000-word oh bit in the "times" today, words like pugnacious, tenacious, outspoken. david, you know his story pretty well. he really did set the stage for giuliani to change the city. >> yeah, he was the consummate new yorker. of course, living in his apartment not far from here, in greenwich village for so many years. not everybody in the community, but many would say, our mayor. when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. n
CNBC
Feb 4, 2013 1:00pm EST
watch them put up big losers today. there is vanguard european fund. look, china, second one, that's the biggest china etf. that's down and indian stocks are down as well. and that's the ixg, global financial stocks. that's the weak base that you've got here. in terms of what's moving, moving on the up side today, no surprise. gold like the spieser gold. long-term treasury bonds. and of course ultra short stock ets, like the sds down there, are big ones. if the dow is down today as much as europe is down, italy, the dow would be down 500 points today. that's how much italy is getting hit today and spain, to a lesser extent. i would say the declines in the u.s., fairly modest. given that we moved a thousand point in the month of january. >> kenny was here, director of floor with securities. >> we haven't even traded 300 million shares down here today. that's relatively weak. but you made the point. we were up almost 7% year to date. so off a half percent or three quarters percent is not a reason for anyone to panic but a sense the market was exhausted like we been talking about and th
CNBC
Feb 22, 2013 9:00am EST
think that what happened is in the last couple days, we started getting gripped again by china. maybe china's not strong enough. very worried about europe. then you add those on to the fed minutes and think, wait a second, doesn't the fed know there's a gasoline -- that there's a run, a speculative run? doesn't the fed know about this? where are they? >> the irony of the fed minutes is they said they should consider changing the pace of qe, so if the economy's better, right, they'll pull back qe. or if there are questions about the efficacy of the program, in which case it doesn't matter if they're in there, because it doesn't work. so either way, it would be good in theory. >> what i thought was disheartening, for a couple of weeks we were focusing on stocks, on companies. >> m & a, right? focusing on the pickup in m & a. >> and then we see, oh, no, it's not the pickup in m & a, it's the spanish banks. aren't you worried about berlusconi? i am not going to go back into a world where all i care about is italian unemployment. just not going to go there. i worry about our unemplo
CNBC
Feb 5, 2013 5:00pm EST
price points and i see what they're doing and they're well ahead in china, but the competition with htc and some of the other hardware guys is intense. don't you think samsung is a sell against apple here? i don't know how you guys trade your book, but isn't that a decent trade at this level? because samsung really hasn't responded. if apple is having margin pressure, so is samsung. >> i understand your point. this is the good news. apple's come in a lot. it took three quarters of misses, not just two, to convince investors there was an issue there. you're absolutely right with samsung. they are doing well. if you wanted to try to hedge, you could. i think samsung is going to continue to do well, because they're view is, we don't know what the consumer wants, so, we're going to build a lot of different great products. you want a fatter phone, we got one for you, you want a smaller one, we have one. that's why our kind of stemealt play around all of this is qualcomm. you look at qualcomm, they don't really care who wins, they just want to supply everybody. and so, if that case, to yo
CNBC
Feb 23, 2013 4:00am EST
the improving domestic housing market immune from old worries out of europe and china has been my number one thesis for about a year on "mad money" and it has produced some of the most bountiful gains of any theme i have ever exploited. we know that the less well off are being hurt by what i call the script, and the script is higher gasoline prices, prices by the way that i think are caused in part by speculative hoarding, and the end of the payroll tax break. we heard that from walmart and from darden this week, even as the stocks of the largest retailer in the world and the parent of red lobster, olive garden, and lone star steak, actually rallied on the news. maybe it's not even news anymore. by the way, we'll hear more from darden on monday at an analysts' meeting and perhaps they will lay out a strategy to deal with the weakness and talk about how the outsized dividend, which yields 4.3% here, is still very secure. then look, that rally today's got to be based on something. the stock could be down a buck. how about saks? i regard saks as part of what i call the gatsby cohort.
CNBC
Feb 1, 2013 4:00am EST
from around the world. spanish bank stocks hit hard. bbv bbva, sees profits plunge. a pair of china manufacturing survey seeking expansion in january. the official pmi has slipped below expectations. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction
CNBC
Feb 13, 2013 4:00am EST
find out when china becomes investable from the top experts in chinese financial markets in 20 minutes' time. >>> we'll speak to the founder of the cambridge satchel as the british bag company opens a new store in central london at 10:45 cet. >>> the secretary of general of the international chamber of commerce in paris. a first on cnbc at clesk cet, 10:00 london time. >>> then a call on comcast shares after the now 100% owner of this company, they've announced they're buying the rest of nbcuniversal in a $16 billion deal. and i still want to say, i feel very comfortable about this. i feel very -- i'm sure you feel happy. good for everybody. >> they like us. >> g.e. stock was up -- >> i didn't like that g.e. stock was up, then i saw the reaction of comcast, all right, they're up, too. >> you, me, fantastic. we're very happy, brian. >> have to say that -- are you pained to say that i should say? >> i don't know. i'm paid, though. don't know if i'm paid to say that, but i am paid. right. have i done enough on that now? >> yes. >>> societe generale swung to a loss on the back of e
CNBC
Feb 21, 2013 4:00am EST
relationship between japan and china has been improving after the september last year despite lots of noise we have heard recently. so the -- i think over time japan is going to have fda with china or korea and also with the other asian countries and then mutually try to benefit from the liberalization of trade. so i'm really optimistic on the future prospect of japan's trade. >> that would be a step in the right direction. thank you very much for your time today. >>> egypt's economic landscape has been clouded with political instability, but the chairman of citadel capital says the muslim brotherhood is clearly pro market. he told cnbc in an exclusive interview on access middle east that the country's leadership needs time to find its way, that he's confident on political stability going forward. usef has more from dubai. some interesting comments here. >> absolutely, kelly. aman who i spoke to who heads citadel capital, they manage monies in places like southern sudan, kenya, and he's bullish about not just egypt in the long term, but also about africa. he's like, listen, if you
CNBC
Feb 22, 2013 12:00pm EST
underperforming. those are the cyclical groups and the materials today. and that's a china issue, to me. >> doc, give me the read. >> yesterday we talked about that it was about how fast the fed would move. and that it was not unanimous but there were a few fed members that said that they thought that the pace would be something that could be very based on what was happening in the economy. so i think people that read into that, that it was going to be an all stop -- no, that didn't happen obviously. you take a look at what happened in the futures with the vix. and like we said, the futures were not picking up as fast as the vix was itself. take a look at it today. the futures are down as much as the cash vix is today, judge. that tells you an awful lot about what we're looking at. >> joe is watching the technicals, which is sort of not to be missed in a market like this. >> i think that's what today really is alln't. yesterday afternoon, we bounced. we bounced six s&p handles late in the day. came in higher this morning before bullard even gave his comments on cnbc. it's more of
CNBC
Feb 6, 2013 2:00pm EST
palladium. we see growth positive from u.s. and china. add to that, tight supplies. keep your eye on the auto sector and we will see perhaps an even greater one in platinum in weeks to come. >> sharon, thank you. on deck, stock, one investor loves. bank, booming, and you probably never heard of it. >> and $9 for a loaf of bread and $15 for a pack of smokes? we will take you to the world's most expensive cities. don't forget to tweet us what you think. and time geithner titles his new book. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay
CNBC
Feb 6, 2013 7:00pm EST
china is today. pivotal to the world economy. i don't know if that's fair. what japan did affected everybody's expectations. now that we are doing this and maybe they will grow faster i wonder if this will trigger more stock rises here and more investors, retail coming in. they see markets rise. what do you think? do we have reports of retail coming in? >> great question. if the yen continues to weaken, you see the nikkei move higher what does it bring in terms of the global market rally? what's the effect on other emerging market indiceses like india, china, impact europe and the u.s. indices? it's a great question and a trend to follow. >> b.k., i will go so far as to say that this japanese easy move as illustrated by the decline of its currency is helping europe. they do a lot of trading with europe. europe has not had a great stock market. if you look at the aggregate i think they are too tight in the european central bank. you have to love to like the banker. >> listen. i talked about stock and bond markets going down together. i agree. they are too tight in europe. i don't kn
CNBC
Feb 28, 2013 12:00pm EST
like china. we like brazil and mexico. >> the financials have to carry us there. we think the value clkol latera is going up. we like a stock like jpmorgan that added stocks for nothing and they have blueprints and they have poised to do a. >> steve, thanks very much for coming on. >>> we will talk about the names and trades in our top three trades. shares of jcpenney. turning things around, if anything, our halftime report is on the way. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> time now for our top three trades, monster beverage missing on fourth quarter earnings and revenue announcing a 6% year over year increase in global sales. joe, there's the chart. 6%. >>
CNBC
Feb 20, 2013 12:00am EST
schoolchildren, most of them poor. many live in favelas like this one. in china, there are 200 million. worldwide, nicholas negroponte says, the potential number of kids who could get his laptop is over a billion, a fact that has not gone unnoticed by intel and other high tech companies. intel gave every student in this class in mexico a classmate, which negroponte believes is part of an effort to kill him off. >> it's predatory. >> at a lecture at mit, he accused intel of dumping, of going to the same governments he's trying to sell to and offering the classmate below cost. >> intel should be ashamed of itself. it's just--it's just shameless. >> craig barrett is intel's chairman of the board. >> negroponte believes that you're trying to drive him out. >> we're not trying to drive him out of business. we're trying to bring capability to young people. and it's more than just intel. it's gonna take the whole industry to do this. >> barrett flies around the world bringing computers to schools and places like malinalco, mexico. >> do you like the computers? >> ¿les gustan las comp
CNBC
Feb 20, 2013 6:00am EST
vittner, thank you, as well. >>> when we come back, the white house plans to strike back against china's cyber-attacks today. a number of companies discovering that their twitter accounts have been hacked. we'll have the details after this. >>> first, as we head to a break, take a look at yesterday's winners and losers. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#
CNBC
Feb 21, 2013 1:00pm EST
heard in terms of the macro concerns, really hitting metals, china seeing that it want it clampdown on real estate speculation. the concerns about the fed easing may be ending sooner than expected. and we continue to get bad data particularly out ever europe, all of that has folks not necessarily seeking safe haven in metals. gold now down 6% year to date. ups might attract buyers, particularly in the market in india. now that the prices have come down. silver down 8% so far this month. take a lk at platinum. platinum in terms of its industrial use, used for catalytic converters. with bad economic data and concerns we may not see much demand for auto use. and copper, really the worst performer we have seen with the worst with six sessions in a rewith bad housing numbers here and tightening on real estate and china and copper not looking good. thanks. >> thank you, bertha. important levels here, bob? >> yeah. psychological level. we are really not down that much. since the close on friday, look at the s&p last three days. 1.2, 1.3% to the down side. everybody keeps asking me, how much a
CNBC
Feb 26, 2013 12:00am EST
spy for the people's republic of china. bergersen knew a secret that the chinese desperately wanted to know, and neither man knows that what they're about to do is being recorded by two cameras the fbi has concealed in their car. >> let you have the money. >> oh, oh. are you sure that that's okay? >> yeah, it's fine. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we turn our attention to some foreign intrigue. first, a story about a mysterious computer virus that struck an iranian nuclear plant. later, the report of how american agents hunted a notorious arms dealer. and finally, an account of a chinese-american spy trying to steal u.s. military secrets for china. we begin with the story of stuxnet, a computer virus considered to be the world's first destructive cyberweapon. it was launched several years ago against an iranian nuclear facility, almost certainly with some u.s. involvement. but as steve kroft reported in march of 2012, the implications and possible consequences of this new kind of warfare are now being studied intensely. >> i do believe that the cyb
CNBC
Feb 7, 2013 6:00am EST
alliances, one world sky team and star. the one world alliance has no real world access to china. you need a china partner to connect all these markets to china to the u.s. and latin america. and this merger won't fix that problem. they're going to figure other ways of doing it. right now, their competitors have an advantage of slowing that traffic and is it's going to be huge. >> i understand there's been some disagreement from both sides as to what the potential benefits would be of this merger with regard to the cost savings and the additional revenues. do you have an estimate on how many it would save? >> you know, all of these mergers have said they're going to save the world, let alone money. in this case, i think you'll see a couple of headquarters, but ov overall, it's end to.end. the real issue is the revenue stream and the increases in revenue streams by putting these airlines together. >> american express membership miles, they work on us airways, don't work on american. what will happen? >> i don't know. they better be or i'll be ticked. >> it's a generous people. >> there
CNBC
Feb 4, 2013 9:00am EST
eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this point. >> we're nowhere near the yields that we saw at the end of 2011, of course. and that we dealt with so often in the second quarter of last year, in terms of the crisis atmosphere that engulfed up. and in europe, and in this market. still far from that, but interesting that we are revisiting europe in a way perhaps that people had become almost inured, but expecting we would not be. >> if you're looking for details on what exactly is going on, simon hobbs here a bit early here atost 9. >> good morning to you, carl. david makes an important point. we rallied on risk assets in europe an
CNBC
Feb 20, 2013 9:00am EST
company is not hiring at any factories in china, this after a federal judge said green light capital einhorn has a likelihood of success. in this case against apple over the large cash holdings. a couple of issues here in terms of apple. first, let's deal with the fox conn. scaling back, but could that just be that another iphone is in the pipe. >> i think we'll read a story in the next two hours from the defen defense analysts saying, i've been in touch with foxconn and they've moved the business over. apple does a lot to try to -- like cisco used to do, by the way -- to make it so you can't read the tea leaves. we can trade on every single bit of news. but we've been whip sawed. it's not been a great strategy. >> between the hacking news, einhorn showdown in court, the news flow continues to rain on apple, every single day. it's amazing. >> yeah. an enormous company with interest in so many different places, and so much interest in it. >> you were pointing out an npd number. >> 20% of all consumer spending on technology in 2012 was apple. 20% of all spending on technology. >> on al
CNBC
Feb 8, 2013 3:00pm EST
definitive way? why are emerging markets like china weakening and germany, spain, falling, and why is junk debt showing real cracks here? there is this intermarket deterioration which i've been stressing in many of my writings which suggests that the conditions, just like a storm today, do not favor risk assets in the here and now and that we could see the beginning stages of another deflation pulse in risk assets. >> but about the answer to all of that, isn't the answer to all of that the federal reserve. why would rates move higher substantially when we already know the federal reserve will keep rates in check at rock bottom levels until 2013. >> the fed is keeping interest rates on the treasury side low which junk debt which the fed is not controlling is showing signs of hesitation. looks like there's a credit spread widening starting. whether that metastasizes into something more serious we'll find out, but the point is the conditions are not favorable right now for risk assets. >> david, do you want to put money in these markets? >> just raised our price target to the s&p for 1500 for
CNBC
Feb 5, 2013 1:00pm EST
goldman sachs just downgraded, buy, neutral, comes after young sales in china disappointed on some can chicken issues there. that's one to follow. goldman downgrading shares of young. >> linked in, buy ahead of earnings. >> buy toll. >> virtual, doc. >> gap stores, 34. >> long ieo and energy player etf. i think it goes higher. >> that does it for us. don't forts to catch more fast at 5:00 p.m., follow me on twitter and scott wapner cnbc. "power lunch" starts right now. >> indeed it does. welcome to "power lunch," everybody. bulls, large and in charge. the dow trying to wipe out monday's triple digit loss. we have two breaking news stories this hour. president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well bel
CNBC
Feb 14, 2013 2:00pm EST
losing tracks to michael kors. what happens here is they spent a lot of money building out in china and that spend is slowing down. i think they will do a great job of getting that story off. throw out about a billion of free cash flow and buying 1.5 billion back in buybacks on show. well-known brand and strong manment. expanding to china and non-handbags so coach is a great date. >> who would you mayor? >> married for ten happy years. >> what a suckup you are. >> is she watching? >> i bet she's watching. >> but i like wells fargo here. think about it. i'm still smitten about wells fargo. walk into the stock. it's a 3% dividend yield. we see right here they are one-third of new mortgage original nations in the u.s. so i think they are positioned properly but more importantly they strip out the european woes. they haven't hit the u.s. equities yet. concerned about the banking sector but do like wells fargo. another wonderful 10, 20, 30 years. >> and a great use of the word strip. art logan, limited brands? >> limited brands. obviously known for victoria's secret, bath and body works,
CNBC
Feb 11, 2013 4:00pm EST
. >> i'm glad you mentioned manufacturing, gene. apple outsources thousands of jobs to china. it is also right now the main facility, the fox con facility as i'm sure you're aware has major human rights questions about how the workers are treated. that's where i was going with that, gene. it was interesting that apple's ceo tim cook was chosen given the thousands of jobs outsourced to china. >> well, you know, we have all sorts of people. we sometimes have republican members in our box. we have ceos in our box. it doesn't mean we agree with every single thing they believe in or everything they company does. but they did make an announcement recently that they will create maps in the united states. and we want to give encourage to any company whenever possible to manufacture in thenitis. we think the economics work more in the favor of bringing jobs back. >> but that's not what they're doing. >> and we want to encourage that. >> it's just a start, but we'd like to start to become a trend for apple and other companies. that will be something the president, you know, has addressed and
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